MIRA
INFORM REPORT
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Report Date : |
06.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
KLUB MFG CORP |
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Registered Office : |
3FL-6, 66
Nan Kan Rd Section 2 Luchu Hsiang Taoyuan Hsien 338 |
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Country : |
Taiwan |
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Date of Incorporation : |
18.05.1993 |
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Com. Reg. No.: |
84366312 |
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Legal Form : |
Private |
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Line of Business : |
Design and manufacturing Teapresso &
Espresso machines and components. Providing OEM & ODM of Teapresso
& Espresso machines. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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Maximum Credit Limit : |
USD 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
KLUB MFG CORP
3FL-6, 66 NAN
KAN RD SECTION 2
LUCHU HSIANG TAOYUAN HSIEN 338, TAIWAN
TEL: 886-3-3128516
FAX: 886-3-3128768
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY 18, 1993
REGISTRATION NO. :
84366312
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS DANIEL YEN-PIN YANG (CHAIRMAN)
STAFF STRENGTH :
35
CAPITAL :
US$ 1,225,115
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : USD 20,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.91500 = US$1 AS OF 2007-3-5
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company Name*
=============
Previous name : KEDGE CO LTD
Changed name to : CAFEMACHINE MFG CORP
Date of change : N/A
Changed name to : KLUB MFG CORP
Year of change : 2006
*Company Registration*
===================
License number : 84366312
Date issued : 18 May, 1993
Issuing authority : Ministry of Economic Affairs (MOEA)
*Office & Facilities*
================
Size : 588 sq. meters (Apporx)
Location : Taoyuan Hsien
Property status : Rented
Type of building : Industrial building
Comments : Serves as office and factory.
Previous Contact Details
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Address
: 2Fl-2 62 Fushing North Rd Chungshan Dist 104
Tel no
: 2-27526652
Fax no
: 2-27526807
Website
: www.coffeeclub.com.tw
*Corporate & Organization Structure*
=============================
A medium sized company mainly operated and
managed by an experienced team of professionals.
*Factories, Size & Locations*
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Type of building : Industrial
Building size : 20,000 sq. feet
Location : Industrial area
*Reputation*
==========
Reference checking for the purpose of
establishing the firm's reputation within the respective industry failed to
reveal any negative information.
Web
site: www.tw-klub.com The design is professional and the content is well
organized. At present it is both in Chinese and English version.
E-mail: sales@tw-klub.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name No. of Shares
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Mr. Daniel Yen-pin Yang 1,736,000
Ms. Elena Chia-ying Chiang 992,000
Mr. Shih-cheng Kuo 340,000
Mr. Sheng-wen Lee 132,000
Management: Ms. Elena Chia-ying Chiang, Executive
Mr. Daniel
Yen-pin Yang, President
Name Nationality
Job Description
Ms. Elena Chia-ying Chiang Taiwanese Executive Sales & Marketing
Mr. Daniel Yen-pin Yang Taiwanese President
*Key Personnel*
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Mr. Daniel Yen-pin Yang
Founder : Co-founder
Work experience : More than 10 years.
Responsibilities : Daily operation of the firm including all financial and legal
matters.
Resident status : Taiwan
*Main Products & Services*
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Specializes in the following areas of work
:
1. Design and manufacturing Teapresso
& Espresso machines and components.
2. Providing OEM & ODM of Teapresso
& Espresso machines.
Previously engaged in importing business.
Products: Coffee brewing machines
Coffee equipment
Coffee machines
Coffee mixers
Extraction & concentration m/c
*Brand*
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Klub
*Payment Terms*
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Sales
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Local
: 30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local
: 30-60 days credit
*Exhibition Participation*
===================
Participated in the following local
exhibitions:
(1)
Exhibition fair : Taipei Int'l Food Machinery Show 1999
Dates attended : 17-21 June, 1999
Location : Taipei World Trade Center, Exhibition Hall
(2)
Exhibition fair : Tapei Int'l Food Machinery & Technology Show 2000
Dates attended : 22 - 26 June, 2000
Loctaion : Taipei World Trade Center, Exhibition Hall
(3)
Exhibition fair : 11th Taipei Int'l Food Show
Dates attended : 14-17 June, 2001
Location : Taipei World Trade Center, Exhibition Hall
(4)
Exhibition fair : Taipei Int'l Food Machinery & Technology Show
Dates attended : 21-25 June, 2001
Location : Taipei World Trade Center, Exhibition Hall
(5)
Exhibition fair : Taipei Int'l Food Machinery & Technology Show 2002
Dates attended : 19-23 June, 2002
Location : Taipei World Trade Center Exhibition Hall
(6)
Exhibition fair : Taipei Int'l Food Show
Dates attended : 12-15 June, 2002
Location : Taipei World Trade Center-Exhibition Hall
*Competitors*
============
The following locally based companies
supply similar range of products and services:
- ATONA INC
- FRESER INT'L CORP
- CHUANG-YI COFFEE MACHINES CORP
- DRAGONS FOODTECH CORP
- EUROCAFE CORP
*Quality Certification*
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Conformed with the following
certification:
- CE
- ETL
- NSF
*Awards*
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- Taiwan Excellence 2006
*Local Distribution Network*
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70% of the annual turnover is attributed
to local sales.
*Export Markets*
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30% of the annual turnover is attributed
to export.
*International Exhibition Participation*
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Participated in the following overseas
exhibition :
(1)
Exhibition fair : 2006 Shanghai Int'l Hospitality Equipment & Supply Expo
Dates attended : 4-7 April, 2006
Location : Shanghai New International Expo Centre
(2)
Exhibition fair : 2006 SCAA Conference & Exhibition
Dates attended : 7-10 April, 2006
Location : Charlotte, North Carolina USA
(3)
Exhibition fair : 2006 The 10th FHC Exhibition for Food and Hospitality
Industries in China
Dates attended : 30 November, 2006 - 2 December, 2006
Location : Shanghai China
Will participate in the following
exhibitions :
(1)
Exhibition fair : 2007 Hoter Japan
Dates : 13-17 March, 2007
Location : Tokyo Japan
(2)
Exhibition fair : 2007 19th Annual SCAA Conference & Exhibition
Dates : 4-7 May, 2007
Location : Long Beach, CA USA
*(Subsidiaries, Joint-ventures &
Affiliates)
===============================
Company Name : KLUB MFG CORP - SHANGHAI
OFFICE
Address : Rm B302, 900 Yi Shan Rd Minhang
Dist Shanghai 201100 China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Machinery
PAYMENT RATING : 3 OBTAINED SCORES : 57
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers of
SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL
amounts depending on individual judgement experience.
As a private limited company with a paid-up
capital of less than USD 6 million, there is no legal requirement according to
Taiwan corporate law for public disclosure of detailed financials.
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports
Exports Total
2003 $100,000.00
$270,000.00 $370,000.00
2004 $110,000.00
$430,000.00 $540,000.00
2005 $130,000.00
$150,000.00 $280,000.00
Over the past 14 years, SC has made a stable growth with satisfactory
profit. It is considered a credit line up to USD 20,000 appears to be
within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting
3433 Heating equipment, nonelectric,
Exporting
3469 Cooking and kitchenware of aluminum (except
cast),
Exporting
3500 Industrial Machinery & Equipment
Exporting
3556 Food products machinery, and parts,
Exporting
3559 Special industry machinery, and parts,
Exporting
3569 General industrial machinery and equipment,
and parts,
Exporting
3629 Electrical industrial apparatus,
Exporting
3634 Electro-mechanical household type
appliances, and electro-thermic appliances, and parts
&
accessories,
Exporting
3639 Household appliances, and parts,
Exporting
3699 Electrical equipment and supplies, and
parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting
2101 Extracts etc of coffee, tea or
mate; roast chicory
Exporting 7323930010 Stainless steel cooking and kitchenware
Exporting
7323930015 Teakettles of stainless steel, and parts
thereof
Exporting
8419811000 Microwave ovens for cooking or heating
food, industrial
Exporting
8438800000 Mach for indust preparation or manuf of
food or drink, other than mach for the
extract
or preparat of animal or fixed veg fats or oils
Exporting
8460210040 Grinding machines except flat surface,
metal removing, accuracy at least 0.01
mm,
numerically controlled, used or rebuilt
Exporting
8479 Machines etc having individual
functions, parts
Exporting
8509400020 Electric domestic food mixers
Exporting
8509400025 Electric domestic food mixers, except
blenders
Exporting
8509400040 Electric domestic food grinders and
processors
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporting
Hot water dispensers
Exporting
Microwave ovens
Exporting
Various machines
Exporting
Snack food making
machines
Exporting
Kettle, coffee
Exporting
Grinding machines
Exporting
Coffee processing
equipment
Exporting
Coffee makers
Exporting
Coffee grinders
Manufacturing Coffee brewing
machines
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Exporting to Europe
Exporting to Spain
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)